<p>US software giant Microsoft will buy a four-percent stake in the London Stock Exchange Group under a new IT services tie-up, the pair announced Monday.</p>.<p>The long-term partnership focuses "next-generation data and analytics and cloud infrastructure solutions" including artificial intelligence (AI), a statement said.</p>.<p>Microsoft will acquire a holding worth £1.5 billion ($1.8 billion) at current prices, while London Stock Exchange Group (LSEG) committed to spending a minimum of $2.8 billion on cloud-related services.</p>.<p>The tie-up will help LSEG further integrate Refinitiv, the US financial data provider it purchased last year, and boost revenue growth.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/microsoft-mulls-building-super-app-to-fight-google-apple-dominance-1169274.html" target="_blank">Microsoft mulls building 'super app' to fight Google, Apple dominance</a></strong></p>.<p>"This... is a significant milestone on LSEG's journey towards becoming the leading global financial markets infrastructure and data business," said its chief executive David Schwimmer.</p>.<p>Microsoft CEO Satya Nadella said in the statement that advances in cloud and AI technology would "fundamentally transform how financial institutions research, interact, and transact".</p>.<p>LSEG shares jumped 2.7 percent to £76 on London's benchmark FTSE 100 index, which was down slightly overall.</p>.<p>That gave it a stock market capitalisation of about £37.3 billion.</p>
<p>US software giant Microsoft will buy a four-percent stake in the London Stock Exchange Group under a new IT services tie-up, the pair announced Monday.</p>.<p>The long-term partnership focuses "next-generation data and analytics and cloud infrastructure solutions" including artificial intelligence (AI), a statement said.</p>.<p>Microsoft will acquire a holding worth £1.5 billion ($1.8 billion) at current prices, while London Stock Exchange Group (LSEG) committed to spending a minimum of $2.8 billion on cloud-related services.</p>.<p>The tie-up will help LSEG further integrate Refinitiv, the US financial data provider it purchased last year, and boost revenue growth.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/microsoft-mulls-building-super-app-to-fight-google-apple-dominance-1169274.html" target="_blank">Microsoft mulls building 'super app' to fight Google, Apple dominance</a></strong></p>.<p>"This... is a significant milestone on LSEG's journey towards becoming the leading global financial markets infrastructure and data business," said its chief executive David Schwimmer.</p>.<p>Microsoft CEO Satya Nadella said in the statement that advances in cloud and AI technology would "fundamentally transform how financial institutions research, interact, and transact".</p>.<p>LSEG shares jumped 2.7 percent to £76 on London's benchmark FTSE 100 index, which was down slightly overall.</p>.<p>That gave it a stock market capitalisation of about £37.3 billion.</p>